Fundraising

Toronto-based private equity firm FirePower Equity Inc has acquired a majority stake in Sudbury, Ontario-based The Installation Group, an installation and service partner to Canadian satellite TV and internet subscribers. No financial terms were disclosed. TIG will continue to operate in their location in Sudbury, Ontario with Robert Lefebvre as CEO, and Anthony Lipschitz serving as TIG’s chairman.

Toronto-based Trufan, a fan engagement platform, has acquired SocialRank, a audience segmentation platform. Also, Trufan has raised US$400,000 in venture debt from previous backer Round13 Capital, a Toronto-based venture firm.

Coretelligent, a portfolio company of VSS, has acquired SoundView IT Solutions LLC, a managed services IT firm. No financial terms were disclosed. Morgan Partners served as financial adviser on this transaction.

Marlin Equity Partners has completed its buy of Wax Digital. Financial terms weren’t announced. Wax Digital, of London, provides sourcing and procurement solutions. August Equity acquired Wax Digital in 2015, according to PitchBook.

NovaQuest Capital Management LLC said Nov. 20 that its first dedicated private equity fund has closed on its $275 million hard cap. NovaQuest Private Equity invests in opportunities that aim to reduce the total cost of care, meet unmet medical needs, reduce unnecessary procedures, improve efficacy (therapeutics or prevention) and / or improve the quality of life. Eaton Partners was placement agent.

Calero Software, which is backed by Riverside Partners, and MDSL, which is backed by Sumeru Equity Partners, are planning to merge. No financial terms were disclosed. Oak Hill Capital and Riverside will be the lead investors in the transaction. SEP will continue as a "significant" investor in the combined business. Calero and MDSL are software providers in the recurring technology expense management space. The deal is expected to close in either the late fourth quarter of this year or in the early quarter of 2020.

Intrepid Solutions and Services Inc, a portfolio company of Bluestone Investment Partners LLC, has acquired BWM Outcomes, a provider of cybersecurity and intelligence analysis services. No financial terms were disclosed. Holland and Knight provided legal advice to Intrepid while PilleroMazza PLLC did likewise to BWM.

Antares has provided a senior secured credit facility to back Canadian private equity firm's ONCAP's acquisition of Texas-based Enertech, a provider of wireless infrastructure services to telecommunications carriers and tower owners throughout the Southern, Central and Pacific Northwest regions of the U.S. No financial terms were disclosed. Antares was the lead arranger and administrative agent on the financing.

MODE Transportation, a portfolio company of York Capital Management, has agreed to acquire Jacksonville, Florida-based SunteckTTS, a provider of third-party transportation and logistics. No financial terms were disclosed. Both businesses will operate under the MODE brand name. Piper Jaffray and McDermott Will & Emery advised SunteckTTS on the deal while Kirkland & Ellis provided legal advice to MODE. MODE is a portfolio company of York Capital Management. And, SunteckTTS is backed by Comvest Partners.